Posted on January 29, 2024

U.S. wheat imports are expected to be their highest in six years for the 2023/24 marketing year, according to USDA’s Economic Research Service.

Several consecutive years of drought in he key growing regions have reduced U.S. output, increasing domestic prices.

Millers have sought less expensive sources, including competitively priced wheat imports from the European Union.

While imports of hard red winter wheat have increased, imports of soft red winter and white wheat are close to normal levels.

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